Yellen: Fed Action Marks End of Extraordinary Period

December 16th, 2015, 8:22 PM UTC

Federal Reserve Chair Janet Yellen speaks about the central bank's decision to raise interest rates for the first time in almost a decade. The Federal Open Market Committee unanimously voted to set the new target range for the federal funds rate at 0.25 percent to 0.5 percent, up from zero to 0.25 percent. (This is Yellen's statement. Source: Bloomberg)